Current XOM Stock Info

Sources inside the company have confirmed that Rosneft will not be able to move forward in the Arctic for at least a year due to sanctions.
State-owned energy giant Rosneft (ticker: RNFTF) will not be able to continue drilling in the Kara Sea in 2015 after Western sanctions halted its cooperation with ExxonMobil (ticker: XOM) in the arctic, two company sources told Reuters.

In September, Rosneft announced that it had found oil in the Kara Sea after drilling the Universitetskaya-1 well in partnership with Exxon. The Kara Sea resources are es...


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